Maynard Real Estate - Home Sale Price up 18.5% in May!

Happy home sellers in Maynard during May saw an 18.7% increase in the median home sale price
over May 2013.  The median sale price of a single-family house in Maynard during was $347,450; the median year to date is $312,500.

As in most places there are fewer homes for sale in Maynard in 2014 and it is not unusual to see properties getting accepted offers in just a few days; multiple offers/bidding wars are becoming the norm, and more houses are selling at or above list prices. They days of getting a deal are replaced by buyers being happy they got the house! See Homes for Sale in Maynard.

The condominium market also saw price appreciation although the number of units sold has remained pretty flat. The median price for a townhouse in Maynard was $255,000, an increase of 21.4%.

Increased competition among home buyers has made it crucial for home buyers to be prepared not only by being pre-approved for a mortgage but being emotionally ready to commit to the process and move quickly; there's no time for second-guessing. An experienced buyer agent/broker can make sure you understand the and the buying process so that you are confident with your choices and decisions.

The condominium market also saw price appreciation although the number of units sold has remained pretty flat. The median price for a townhouse in Maynard was $255,000, an increase of 21.4%.

If you're thinking about selling your house in Maynard, low inventory makes this a good time to go on the market. Call 508-596-3501 to talk about how to get your house sold.

Visit www.MarilynMessenger.com to search for homes and get the latest market reports for Maynard, Wayland, Sudbury, Stow, and Concord.
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About the author: Marilyn Messenger is a licensed real estate broker, Certified Residential Specialist, and Accredited Buyer Representative associated with Andrew Mitchell and Company in  Concord and has been representing home sellers and buyers in the Maynard area for 21 years. She is a top recommended broker on Trulia.

She is an active member of the Maynard community as a current member and former Chair of the Zoning Board of Appeals and a past member of the Planning Board for 15 years. She also served for 2 years on the Board of Trustees at the Deer Hedge Run Condominiums. Contact Marilyn at 508-596-3501 or email marilynmessenger@realtor.com. 

Maynard Real Estate - Rental Condo SOLD!

 

Last October a homeowner that I connected with on LinkedIn asked me to sell her condominium at Stonebridge Narrows, 10 Mill Street in Maynard. After reviewing recent sale prices she decided that it made more sense for her to rent the condo instead. She listed it for rent mid-November and within a couple of days someone who was planning to relocate to the Maynard area agreed to rent it site unseen. She sent her application and paid for a credit and background check. Everything was fine and the next step was to prepare the lease. And then she changed her mind! I am always a bit suspect when someone agrees to rent (or buy) home they haven't visited, so it wasn't really a big surprise.

Market activity dropped off toward Thanksgiving and into December and the owner lowered the rent which stimulated activity again. Unfortunately, a lot of potential tenants were either looking for short-term rentals, had pets, needed additional parking, had poor credit, or else they wanted everything brand-new and completely updated

One day a woman who had sold her house called and asked me if the owner would
be willing to sell the unit instead of renting. She really wanted to buy in Maynard but there were so few condos for sale in town that she just wasn't finding anything in her price-range. She really liked the location of the building and especially the river views. She was a cash buyer and offered a very quick closing and was very persistent! After negotiating the price and all of the details (buying a condo is different than buying a single-family house), the parties finally agreed on a price and in approximately three weeks, the sale closed. Seller and buyer were both very happy with the outcome!

The number of condominiums and houses for sale in the Maynard area is extremely low. While it is frustrating for people who want to buy a home - as in this case, they are even calling on rentals, it's a great time to be a seller! If you're thinking about moving, this is the time to get your home on the market. Waiting for spring will only bring more competition for you. Click here request a home evaluation report.